Hard Times for Microsoft?

Despite attractive valuations, an "embarrassing" $6.2 billion charge and concerns about Windows 8 and the company's new tablet may weigh on shares.

Despite spending big on Bing and other online assets, Microsoft is still searching for a way to make money from the Web.

Late Monday, Microsoft (ticker: MSFT) said it would take a $6.2 billion noncash accounting charge for its money-losing Internet division. The move to write down the value of goodwill comes as growth and profitability lag in...